February 16, 2009

Motorola Lays Off 1,000 in China

Motorola is reported to have cut 1,000 jobs from its Chinese R&D facility, leaving only about 100 employees at its Wangjing offices. The company hasn’t confirmed the number of employees that were laid off, although a spokesperson for Motorola announced that there had been job cuts.

The spokesperson noted that, “According to Motorola’s financial results for the fourth quarter of last year, the company dismissed 4,000 employees worldwide, including 3,000 employees from the mobile phone unit. But that is a global figure, and we do not have specific figures for China and other regions.”

Source: Softpedia

February 3, 2009

Motorola’s CFO leaves

“There had been a little hope they might be able to stabilize things by late 2009,” said Pacific Crest analyst James Faucette. “I think that the CFO leaving definitely raises some eyebrows as well.”

“But Motorola executives said in an interview that the departure of Paul Liska — CFO since February 2008 — was due to the delay of a plan to separate the cellphone unit rather than any financial control or reporting issues. Corporate Controller Edward Fitzpatrick was named acting CFO.”

Source: Forbes

January 14, 2009

Motorola to cut 4,000 more jobs

According to Reuters: “Motorola Inc (NYSE:MOT) will slash another 4,000 jobs, or an estimated 6 percent of its workforce, and warned that it would have a fourth-quarter loss as sales of mobile phones were weaker than expected. Analysts had been expecting a new round of job cuts at Motorola, after 6,700 employee departures in 2008.

Update 1 (1-14-2009):

  • Announces approximately 4,000 additional workforce reductions, primarily in the Mobile Devices business, according to the company press-release
  • Form 8-K possibly filed by Motorola Inc on 12-30-2008

Update 2 (1-17-2009): according to leaks from inside, Morotola to cut about 100 jobs in their office in St.Petersburg, Russia

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